$3,524,930

121 Ximeno Avenue, Long Beach CA, 90803

Price per sqft$825.12

Built in1954

Property size4,272 sqft

Property typeResidential

Bought with Brendan Mahoney with First Team Real Estate and Listed by Armin Soleimani CA DRE# 01846872 with Global Platinum Properties, Inc. 310-666-2246

Overview

Sold

Closed

Listed Jan 8, 2025

Updated Jun 19

100% Gut-Renovated 9-unit building in Belmont Shore cash flowing at an amazing Current Cap Rate of 5.25% and 13.6 GRM. All units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. The unit mix provides unparalleled versatility, including 2 spacious (2bed/1bath) units ideal for families, as well as 5 modern (1bed/1bath) units, and 2 (studio/1bath) units perfect for individuals seeking comfort and style. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency (3 vacant). On top of that, the major systems have been updated including electrical, plumbing, HVAC, etc. The property is located in the heart of Belmont Shore within walking distance of the Pacific Ocean and the Beach. Located just steps away from all the neighborhood attractions, restaurants, bars, and shops on 2nd St such as Sait & Second, Nick's on 2nd, The Win~Dow, Simmzy's, Roe Seafood, Breakfast Republic, Sweet Jill's Bakery, Galata Ice Cream, and many more popping up all around the area.

Additional information

MLS^® ID: 25478505

Interior Features

Bedrooms: 9
Bathrooms: 9
Basement: No

Exterior Features

Lot Size: 0.07 Acres

Other Property Details

55+/Senior Community: No

Bought with Brendan Mahoney with First Team Real Estate and Listed by Armin Soleimani CA DRE# 01846872 with Global Platinum Properties, Inc. 310-666-2246

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 6/19/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 6/19/2026 at 1:58 PM UTC Last Checked: 1:58 PM UTC